Suppose a given significance level, alpha = 0.05. Suppose a p-value of 0.03 is computed. Based on this information would the null hypothesis be rejected or do you fail to reject the null hypothesis? Be sure to justify your decision by stating why.

This was my answer below but I think I need to include more to justify my decision (based on what the professor asked for). Can you add more to it?

My answer: "According to the given statement P value is 0.03 which is less than given significance level 0.05 so we have to reject null hypothesis."